Quote:
Originally Posted by Samonadreau
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And if you are not, formula to be cash flow positive is
layoffs + other opex/capex cuts + shutting in high lifting cost wells.
Maybe instead of throwing money at the oil companies, throw money at everyone who is getting layed off and losing contracts. or fund some other programs to give them work.
Im not sure I fully support bailouts as the layoffs will still happen and the oil companies will just pocket it or put it towards debt.
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That'll probably completely kill any kind of investment in Alberta as its a sign that the Government isn't going to do anything to support the O/G + Energy sector. Its already impossible to get investment happening due to things like 48 and 69 and their poor response to Kinder and other reasons.
By basically saying your going to create what would be pretty much a welfare state you'll kill any inflow of money.